An Initiative of People First
The People's Commission on Public Sector and Public Services's letter to the CAG. The People's Commission has come to know that the Railway Board is opening a backdoor entry to private corporates, Indian and foreign, to privatise profit-earning Railway production units. The four units targeted so far are...
Letter to the RBI governor To The Governor Reserve Bank of India Cuffe Parade Mumbai Dear Shri Shakti Kanta Das, Artificial Intelligence (AI) for monitoring the banking sector, outsourcing to foreign consultants: our concerns and alternatives The People's Commission on Public Sector and Public Services is seriously concerned about the decision of RBI to use AI... Continue Reading →
The global fertilizer production situation and demand for fertilizers in the context of the rise in energy and gas prices, Covid 19 pandemic, and the ongoing Ukraine war are in urgent need of a critical evaluation of the policies and programmes under implementation for fertilizer production and use from the side of the policymakers, farmers’ leaders and scientists in India.
To The Governor, Reserve Bank of India Shahid Bhagat Singh Road, Fort, Mumbai-400001 Dear Sir, Dated: 06.09.2022 Subject: Some corporate entities' high indebtedness and deeply over-leveraged operations pose a serious threat to the stability of the financial system, health of the PSU banks and safety of depositors’ funds– Urgent intervention required. We wish to raise our serious concerns about the... Continue Reading →
In the Budget speech last year, the Finance Minister mentioned that the government would privatise a few PSU banks in due course. There are reports on statements originating from the Ministry that the government would introduce a Bill during the coming monsoon session for enabling it to privatise PSU banks in principle, create provision for outright sale and relax the cap on foreign equity holdings in them. DIPAM is also conducting road shows in the USA to sell IDBI Bank.
In this connection, we wish to caution the government about the legal and other far-reaching implications of privatising any PSU bank.
Press Release Date: 30.06.2022 Prelude The Government of India (GoI), a few years ago, had unilaterally enacted the three farm laws, in addition to introducing a Bill to amend the Electricity Act-2003, without taking the States and the farmers’ association into confidence. Since both the farm laws and the Electricity Bill would adversely affect agriculture... Continue Reading →
Reclaim the Republic 